Ericsson to cut 95 jobs at Molndal, Sweden, site

SvenGrundberg

STOCKHOLM (MarketWatch) -- Ericsson
ERIC, -0.59%
the Swedish wireless network company, Monday said it is downsizing its operations in Molndal, Sweden, and added it plans to reduce its staff at its Molndal site by 95 people.

MAIN FACTS:

-The staff reduction is a result of the ongoing shift towards software from hardware in the wireless network industry.

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